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4 December 2009

SUNKAR RESOURCES PLC

("Sunkar" or the "Company")

DIRECTOR DEALINGS - GRANT OF SHARE OPTIONS

On 3 December 2009. the Company (AIM:SKR) granted 4,900,000 new share options over ordinary shares in the Company to directors. 

In addition, a further 2,454,000 options over ordinary shares in the Company were granted to employees of the Company. These options, with an exercise price of 45 pence per share, will be exercisable for a term of 10 years and will vest in three equal instalments on 3 December in 2010, 2011 and 2012.

In conjunction with the new option grants outlined above, the remuneration committee of Sunkar has also reviewed the effectiveness of its existing share option plan in light of the sharp downturn in equity markets since the Company's admission to AIM ("IPO") in June 2008. The objective of the review was to ensure that, in relation to the existing and any replacement options, there was a zero cost to the Company and its shareholders, while ensuring that both directors and key employees of the Company are properly remunerated and incentivised to drive the Company forward.

Its recommendation, which has been accepted by the Board of Sunkar and option holders, is that the existing options granted at the time of IPO are surrendered in a value for value exchange resulting in a lesser number of replacement options (detailed in the table below) having an exercise price of 45 pence per share (originally 80 and 120 pence). The expected value of the original options were calculated at the date of cancellation using the Black-Scholes valuation method. The exercise price of 45 pence represents a 23.3 per cent. premium over the closing market price of the shares at 3 December 2009 of 36.5 pence.

The table below shows the number of options which have been cancelled, the equivalent number of new options granted in lieu, and the new option grant to directors: 

Director	Number of cancelled options at 80p per share	Number of cancelled options at 120p per share	Equivalent new fair value options at 45p share	New option grant at 45p per share	Total new options at 4 December 2009
Teck Soon Kong	1,000,000	700,000	900,465	400,000	1,300,465
Serikjan Utegen	-	2,000,000	803,796	1,500,000	2,303,796
Nurdin Damitov	-	1,200,000	482,277	1,300,000	1,782,277
Donald Sinclair	-	1,200,000	482,277	1,100,000	1,582,277
Charles de Chezelles	1,000,000	500,000	820,085	300,000	1,120,085
Nicholas Clarke	-	500,000	200,949	300,000	500,949
TOTAL	2,000,000	8,114,000	3,689,850	4,900,000	8,589,850

Options granted to both directors and staff represent 6.9 % of the total issued share capital of the Company. 

For further information please contact:

Sunkar Resources

Serikjan Utegen, CEO                    

Donald Sinclair, CFO                    Tel: +44 20 7930 8678

Canaccord Adams Limited

Mike Jones                                  Tel: +44 20 7050 6500

Bhavesh Patel

GMP Securities Europe LLP

James Cassley                           Tel: +44 20 7647 2800

Jeremy Wrathall

Bankside Consultants

Simon Rothschild                       Tel: +44 20 7367 8888

Louise Mason

Editors Notes

Sunkar Resources plc

Sunkar Resources plc (AIM:SKR) commenced mining following its IPO in June 2008. Sunkar's wholly owned subsidiary in Kazakhstan holds the Subsoil Use Contract to the Chilisai Phosphate Rock Deposit in NW Kazakhstan. The contract area is estimated to contain 800 Mt of ore.

Sunkar's strategy is to build an integrated world class ammoniated phosphate fertiliser project with low operating costs. Sunkar's low cost base derives from its near surface phosphate rock deposit, access to sulphur from the nearby Tengiz oil field and regional long-term marginal priced gas.

The Chilisai Phosphate Rock Deposit is ideally located on a transportation hub that spans the agricultural markets from Western Europe through to China.

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